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Allianz joins Shapoorji for US$500m India real estate fund

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Published Fri, Oct 13, 2017 · 09:50 PM

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Singapore

ALLIANZ SE, one of Europe's biggest asset managers, will partner with developer Shapoorji Pallonji Group to enter India's commercial real estate market.

Allianz Real Estate and Shapoorji will aim to raise US$500 million in equity for a Singapore-domiciled, rupee-denominated, closed-ended fund targeting the office market in India, Allianz said in a statement on Thursday.

Allianz

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